Mazie Supply Company uses the percent of accounts receivable method. On December 31, it has outstanding accounts receivable of $89,000, and it estimates that 4% will be uncollectible. Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,513 credit balance before the adjustment (b) a $445 debit balance before the adjustment. View transaction list Journal entry worksheet

Mazie Supply Company uses the percent of accounts receivable method. On December 31 , it has outstanding accounts receivable of $89,000, and it estimates that 4% will be uncollectible Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has: (a) a $1,513 credit balance before the adjustment. (b) a $445 debit balance before the adjustment. Journal entry worksheet Prepare the year-end adjusting entry to record bad debts expense under the assumption that the Allowance for Doubtful Accounts has a \$445 debit balance before the adjustment. Note: Enter debits before credits